If a majority of the votes shall be "For dissolution, Yes," then the board of directors shall immediately notify all persons having claims against the district of the result of such election, and may proceed to adjust, settle, and compromise any and all such claims, in whatever form the indebtedness of such district may be.
S.D. Codified Laws § 46A-4-86
Majority vote for dissolution of irrigation district--Notice by board of directors to creditors of district--Settlement of claims
Source: SDC 1939, § 61.0848; SDCL, § 46-12-81.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.